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Sh100mn to finance Jamii Bora mortgages
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- Category: Building & Interiors
- Published on Thursday, 11 September 2014 04:17
- Written by Super User
- Hits: 2700
Shelter Afrique has extended Sh100 million to Jamii Bora Bank Limited (JBBL) that will be used by the bank for offer mortgages for low cost housing.
The loan agreement is meant to enhance the bank’s ability to lend for the purpose of purchasing low-cost residential housing, incremental building and home improvement.
Construction worker wages in Kenya a record high
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- Category: Building & Interiors
- Published on Thursday, 11 September 2014 04:08
- Written by Super User
- Hits: 2332
Rapid construction of commercial and residential buildings to meet rising demand has made the artisans, popularly known as fundis, one of the most-sought in the sector.
This has pushed their wages up as many property developers need them.
In Nairobi, the unskilled artisans, whose work mainly involves mixing sand and cement and ferrying building materials, are currently demanding a wage of between 8 U.S. dollars and 9.1 dollars a day, up from 3.4 dollars about three years ago.
Construction boom brightens future for East Africa
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- Category: Building & Interiors
- Published on Friday, 22 August 2014 04:25
- Written by Super User
- Hits: 2011
It is a ‘boom’ as many people are describing the growth of East Africa Construction industry. Many investors have taken the advantage of the boom by shaking off their pockets to invest in skyscrapers, shopping malls, roads, schools, hospitals etc.
Both private and public sectors are in a hurry trying to satisfy the rising middle class and regional integration, and the E.A. governments still have the high stake in the sector.
Read more: Construction boom brightens future for East Africa
Thika Road makes way for more big-dollar projects
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- Category: Building & Interiors
- Published on Friday, 11 April 2014 06:58
- Written by Super User
- Hits: 2127
The completion of the Sh32 billion upgrade of Thika Road in September 2012 was a major construction feat as it was done when the road was still in use.
The 50km 8-lane highway that connects Thika to Nairobi was built by three Chinese companies; China Wu Yi, SinoHydro Corporation and Sheng Li Engineering Company.
The three companies received much commendation from both ordinary citizens and government officials for the quality of their work and the timeous delivery of the project.
Thika Road appears to have opened Kenya’s big-dollar project floodgates to China – with tens of Chinese companies currently involved in mega infrastructural project in East Africa’s largest economy.
China Bridge and Road Construction was, for example, recently chosen as the contractor of the now controversial standard gauge railway line project.
Read more: Thika Road makes way for more big-dollar projects
